Black Diamond Group (TSE:BDI) Shares Cross Above 200-Day Moving Average of $8.26

Black Diamond Group Limited (TSE:BDI - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$8.26 and traded as high as C$8.51. Black Diamond Group shares last traded at C$8.38, with a volume of 41,172 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BDI. BMO Capital Markets boosted their target price on Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, March 1st. Canaccord Genuity Group upped their price target on Black Diamond Group from C$9.50 to C$11.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Finally, Acumen Capital upped their price target on Black Diamond Group from C$12.00 to C$12.50 and gave the company a "buy" rating in a research report on Monday, March 4th.

Black Diamond Group Trading Up 2.3 %

The company has a market cap of C$516.00 million, a PE ratio of 17.49 and a beta of 1.73. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 72.03. The stock has a 50 day moving average price of C$9.02 and a 200 day moving average price of C$8.26.

Black Diamond Group (TSE:BDI - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, beating analysts' consensus estimates of C$0.10 by C$0.03. The company had revenue of C$103.40 million during the quarter, compared to analysts' expectations of C$89.70 million. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. Sell-side analysts predict that Black Diamond Group Limited will post 0.4599247 EPS for the current fiscal year.

Black Diamond Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Wednesday, March 27th. Black Diamond Group's payout ratio is presently 24.49%.

Insider Activity at Black Diamond Group

In related news, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$9.05, for a total transaction of C$45,250.00. In other Black Diamond Group news, Senior Officer Tobias Gerald Labrie sold 5,000 shares of Black Diamond Group stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$9.05, for a total value of C$45,250.00. Also, Senior Officer Patrick Melanson sold 13,000 shares of Black Diamond Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$9.07, for a total value of C$117,910.00. Insiders sold a total of 53,850 shares of company stock valued at $479,979 in the last 90 days. Corporate insiders own 24.18% of the company's stock.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.